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Announcement,News iMGP International Fund Manager Changes

We are adding Polen Capital as a sub-advisor to the iMGP International Fund effective September 30, 2021. Concurrently, we are removing Pictet Asset Management and Evermore Global Advisors as sub-advisors to the fund. We believe Polen will be an excellent addition to the fund in achieving its goal of attractive long-term performance. In addition, these changes should help the fund achieve the desired investment style balance in line with its core international mandate. Both Pictet and Evermore have been great partners over the past several years they have been sub-advisors and we thank them for their contributions to the Fund.

Polen Capital is an independently owned, employee-controlled global investment management firm. We have chosen Polen’s Large Company Growth team for this sub-advisor mandate. They invest in companies they believe are financially sound and competitively advantaged that they can own for many years and that in their view offer the best odds for attractive and sustained earnings growth. All of the firm’s strategies are run in a concentrated fashion. As such, we believe Polen is ideally suited to running a concentrated portfolio of typically 15 stocks or less for iMGP International Fund. Polen believes having a concentrated portfolio with the highest-quality businesses will provide a higher margin of safety and that share prices will follow earnings growth.

After the above changes, effective September 30, 2021, the iMGP International Fund will consist of three sub-advisors, each equally weighted. We believe this combination will help meet the fund’s goal of outperforming its benchmark while staying diversified in terms of portfolio holdings and style exposures. The table below outlines the new manager roster, their tenure on iMGP, weighting, and their respective style orientation.

Sub-advisorAllocationInception date on the FundInvestment Style
Harris Associates33.3%December 1, 1997Value
Lazard Asset Management33.3%February 1, 2013Blend
Polen Capital33.3%September 30, 2021Growth

Learn more about Polen Capital in our Due Diligence report.


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iMGP Fundsʼ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be viewed here or by calling 1-800-960-0188. Read it carefully before investing.

Mutual fund investing involves risk. Principal loss is possible.

The fund will invest in foreign securities. Investing in foreign securities exposes investors to economic, political, and market risks and fluctuations in foreign currencies. Though not a small-cap fund, the fund may invest in the securities of small companies. Small-company investing subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies. Investments in emerging-market countries involve additional risks such as government dependence on a few industries or resources, government-imposed taxes on foreign investment or limits on the removal of capital from a country, unstable government, and volatile markets. Multi-investment management styles may lead to higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisors and advisor and the allocation of assets amongst them.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Margin of safety is a principle of investing in which an analyst only purchases securities when the market price is below the analyst’s estimation of intrinsic value. It does not guarantee a successful investment.

Diversification does not assure a profit nor protect against loss in a declining market.

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